What to do about down payment?

Asked by Regi Philip, Queens, NY Mon Jun 9, 2008

I'm very new to the home buying game, and trying to buy a house in Fresh Meadows, NY (11365). The home is going for 600k. My real problem is coming up with a down payment. I have approximately 23k saved up and will be able to pass pre-qual. I have very good credit, and need some alternatives. I looked into FHA loans, but that doesnt seem like it will cover enough of the loan. Any suggestions on where I can come up with the cash (federal programs, grants) or even a way out of the mandatory 10-20% down payment?

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Debt Free Da…, , 85260
Tue Jun 10, 2008
If you are looking in that price range, I doubt you will get a grant for that.
Web Reference:  http://GetPrequalified.com
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